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Robert Solow

Gross Domestic Problem: Don't Shoot the Measurement

Brian Czech | Posted 09.01.2014 | Business
Brian Czech

As our economy exceeds the capacity of the planet to sustain us and future generations, we need to monitor the size of our economy more closely than ever. And there is no better measurement of the size of our economy than GDP.

It's Time to End Child Poverty in Rich America With Urgency and Persistence

Marian Wright Edelman | Posted 03.25.2014 | Politics
Marian Wright Edelman

Fifty years after President Lyndon Johnson declared a War on Poverty, the United States is still not a fair playing field for millions of children afflicted by preventable poverty, hunger, homelessness, sickness, poor education and violence in the world's richest economy with a gross domestic product (GDP) of $15.7 trillion. Every fifth child (16.1 million) is poor, and every tenth child (7.1 million) is extremely poor. Children are the poorest age group and the younger they are the poorer they are. Every fourth infant, toddler and preschool child (5 million) is poor; 1 in 8 is extremely poor. A majority of our one- and two-year-olds are already children of color. In five years children of color who are disproportionately poor, nearly 1 in 3, will be a majority of all children in America and of our future workforce, military and consumers. But millions of them are unready for school, poorly educated and unprepared to face the future.

The Future of Macroeconomic Policy: Nine Tentative Conclusions

Olivier Blanchard | Posted 05.25.2011 | Business
Olivier Blanchard

We've entered a brave new world in the wake of the crisis; a very different world in terms of policy making and we just have to accept it.